This year the average negotiated corporate rate at hotels increased by about 5percent, according to a new study Tuesday.

Written by

Nancy Trejos
| USA Today

Business travelers can expect to pay 5 to 6 percent more for hotel rooms next year, according to a New York University study out Tuesday.

Each fall, U.S. companies and hotels agree to corporate rates and amenities for the next year, and this year Bjorn Hanson, divisional dean of NYU's hospitality school, says the two sides are further apart than normal as negotiations get underway.

Business travelers are a lucrative market for hotels: Almost 20 percent of occupied U.S. room nights and almost 30 percent of U.S. lodging industry revenue come from corporate and contract rates, Hanson says. ...